62.82 - 64.66
32.01 - 85.72
Echofin Members Consensus
Sometimes I hate this business. I turn off for the night. Then the market does EXACTLY what I was trading when I had enough. $1000 missed profit. Oh well - still a lovely day. And as my mother always says "you have your health" Thanks mum. Sage advice on a day like today.
15 Jan 2021 USD/JPY Steadies Above 103.50, EUR/USD Extends Losses Today's Key Highlights: USD/JPY climbed higher above the 103.50 and 104.00 resistance levels. EUR/USD extended its decline below the 1.2150 support zone. Crude oil price consolidating gains, while gold price is still well below $1,900. The US Retail Sales figure (to be released today) is likely to remain flat in Dec 2020 (MoM).
Software company Aveva reported 26 per cent organic constant currency growth in the three months to the end of December. Management say this was driven by a significant number of scheduled subscription renewals, as well as the early renewal of a large three-year EPC contract which had been scheduled for the following quarter. Management say the order pipeline is ‘solid’ with £2.7bn net in cash held. Shares rose over 4 per cent in early trade.
Morning all, hope everyone is well! I am still at the point where I'm trying different strategies to see what works for me and my personality and been using trend lines a lot recently as i find it very powerful for helping me with my timings of getting in and especially out of trades. However.. I am also finding it very easy to over complicate and over think them due to there being trends within trends within trends. Was just wondering if anyone has had this problem before and could maybe offer a bit of advice...
I very rarely enter more that 1 trade at a time. Especially when they are correlated. So the US markets ... broadly speaking .. move in a very similar pattern. Thus if you take a long on S&P , NQ will go up etc. Not always but usually.. So ... you end up having a correlated pair of trades, that are hard to manage. IF you have real confidence in a tade IMO better to add more size to that trade and manage it well. Otherwise .. you end up an a position where one trade is messing with your other thought process. As a rule .. one trade open at a time if they are correlated in any way.
The USD/JPY pair edged higher through the Asian session and was last seen hovering near the top end of its daily trading range, around the 103.25-30 region. Following the previous day's pullback of around 40 pips from near one-week tops, the pair regained positive traction for the second consecutive session on Thursday. The uptick was sponsored by the prevalent risk-on environment, which tends to undermine demand for the safe-haven Japanese yen. The global risk sentiment remained well supported by hopes for a strong economic recovery in 2021. Adding to this, a Democratic victory in the crucial US Senate runoff elections in the state of Georgia raised prospects for a more expansive fiscal policy and further boosted investors' confidence. .
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